The Interplay of Technology Entrepreneurs and Regulation in a New Industry: The Case of the Drone Industry

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Abstract

Technological innovations open opportunities for new entrants (techno-entrepreneurs) to transform and recreate industries, as they come as so called “innovation shocks”. These shocks can change technology trajectories and make irrelevant existing regulatory frameworks. It is unclear, however, what is the interplay between technology evolution, entrepreneurship, and regulation.
We explore the case of the drone industry emergence to extract insights on how different profiles of new entrants respond to distinct regulatory frameworks, aiming to decipher the effect that those have on the exploration and development of new tech-based innovation opportunities.
Our findings suggest that more attention should be given to the impact that regulatory responses can have on the short and long term development of emerging technological fields. We propose a process framework to make sense of the possible outcomes of distinct regulatory responses, elaborating on the consequences it has on entrepreneurial activity and overall market growth.
Original languageEnglish
Title of host publicationHandbook of Research on Techno-Entrepreneurship, Third Edition : Ecosystems, Innovation and Development
EditorsFrancois Therin, Francesco Paolo Appio, Hyungseok Yoon
Place of PublicationCheltenham, UK
PublisherEdward Elgar Publishing
Publication dateSep 2019
Pages73-91
Chapter5
ISBN (Print)978 1 78643 906 2
Publication statusPublished - Sep 2019

Fingerprint

Regulatory framework
Industry
Innovation
New entrants
Entrepreneurs
Technology evolution
Technology change
Trajectory
Entrepreneurial activity
Entrepreneurship
Technological innovation

Keywords

  • industry emergence
  • Technology Entrepreneurship
  • Drones
  • Regulation

Cite this

Giones, F., Gurses, K., & Brem, A. (2019). The Interplay of Technology Entrepreneurs and Regulation in a New Industry: The Case of the Drone Industry. In F. Therin, F. P. Appio, & H. Yoon (Eds.), Handbook of Research on Techno-Entrepreneurship, Third Edition: Ecosystems, Innovation and Development (pp. 73-91). Cheltenham, UK: Edward Elgar Publishing.
Giones, Ferran ; Gurses, Kerem ; Brem, Alexander. / The Interplay of Technology Entrepreneurs and Regulation in a New Industry: The Case of the Drone Industry. Handbook of Research on Techno-Entrepreneurship, Third Edition: Ecosystems, Innovation and Development. editor / Francois Therin ; Francesco Paolo Appio ; Hyungseok Yoon. Cheltenham, UK : Edward Elgar Publishing, 2019. pp. 73-91
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Giones, F, Gurses, K & Brem, A 2019, The Interplay of Technology Entrepreneurs and Regulation in a New Industry: The Case of the Drone Industry. in F Therin, FP Appio & H Yoon (eds), Handbook of Research on Techno-Entrepreneurship, Third Edition: Ecosystems, Innovation and Development. Edward Elgar Publishing, Cheltenham, UK, pp. 73-91.

The Interplay of Technology Entrepreneurs and Regulation in a New Industry: The Case of the Drone Industry. / Giones, Ferran; Gurses, Kerem; Brem, Alexander.

Handbook of Research on Techno-Entrepreneurship, Third Edition: Ecosystems, Innovation and Development. ed. / Francois Therin; Francesco Paolo Appio; Hyungseok Yoon. Cheltenham, UK : Edward Elgar Publishing, 2019. p. 73-91.

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

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Giones F, Gurses K, Brem A. The Interplay of Technology Entrepreneurs and Regulation in a New Industry: The Case of the Drone Industry. In Therin F, Appio FP, Yoon H, editors, Handbook of Research on Techno-Entrepreneurship, Third Edition: Ecosystems, Innovation and Development. Cheltenham, UK: Edward Elgar Publishing. 2019. p. 73-91